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Fly News Breaks for May 20, 2016
AMAT
May 20, 2016 | 07:23 EDT
UBS noted Applied Materials beat Q1 results and said the company's guidance was much better than their Street-high view. The firm was impressed with the company results, management execution, and potential for stock buybacks. UBS reiterated its Buy rating and raised its price target to $28.50 from $26 on Applied Materials shares.
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